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The Photo voltaic Vitality Company of India (SECI) is searching for proposals for the supply of two.25 GW of round the clock (RTC) energy from renewable vitality tasks complemented with energy from another supply in India that’s linked to the Interstate Transmission System (ISTS).
The deadline for proposal submissions is October 10, 2022. The day of the bid opening is October 13.
In accordance with the phrases and circumstances of the request for choice (RfS), SECI will interact in a 25-year energy buy settlement (PPA) with the chosen bidders.
For every undertaking, bidders are required to deposit a processing price of Rs 1.5 million. They have to present an earnest cash deposit of Rs 1.23 million/MW. Moreover, the successful bidder can be required to supply a efficiency financial institution assure of Rs 1.839 million/MW.
The positioning of the tasks is likely to be anyplace in India. The put in vitality storage system, if any, and the parts of the renewable era system for a single undertaking could also be located collectively or individually.
To satisfy the RTC provide obligation, the renewable vitality developer might be in control of increase producing techniques for the supply of renewable energy mixed with non-renewable electrical energy. Additional, the acquisition of the land and ISTS connectivity would be the builders’ duty.
The undertaking should make use of photo voltaic modules from the Accepted Listing of Fashions and Producers (ALMM).
The undertaking ought to be put in, run, and maintained by the renewable developer as a way to present renewable vitality that’s supplemented with dispatchable energy from another supply or storage in an RTC means. Yearly, on a month-to-month foundation for a minimum of 11 months out of the 12 months, and through peak hours, the developer should preserve a minimum of 90% availability.
As of the ultimate day of the prior fiscal 12 months, the bidder’s web value needed to be equal to or greater than Rs 18.38 million/MW of the said capability, and so they will need to have a minimal annual turnover of Rs 24.4 million for every MW of said capability as a way to take part within the bidding.
Moreover, as of the ultimate day of the previous monetary 12 months, the inner useful resource producing functionality expressed as revenue earlier than depreciation, curiosity, and taxes shall be a minimum of Rs 4.48 million/MW of the quoted capability.
The monetary establishments ought to have offered bidders with an acceptance letter pledging a line of credit score for a minimum of Rs 5.6 million/MW of the said capability towards the undertaking’s working capital wants.